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Investing.com -- RedCloud Holdings plc (NASDAQ:RCT) stock surged 28.4% on Wednesday after the company announced it has joined the NVIDIA Connect program to enhance its AI capabilities for its trading platform.
The technology company, which operates the RedAI trading platform for Fast Moving Consumer Goods (FMCG) supply chains, will gain access to NVIDIA’s advanced AI frameworks, software development kits, and expertise. This collaboration aims to accelerate RedCloud’s product development and potentially address what the company estimates as a $2 trillion global inventory gap within the $14.6 trillion global FMCG industry.
"Joining NVIDIA Connect is an exciting opportunity for our development teams," said Jorge Guerrero, AVP Product at RedCloud. "This program provides us with access to NVIDIA’s ecosystem of AI tools and expertise, which we expect to be instrumental in building powerful AI-native infrastructure to enable intelligent trade of FMCG products across global supply chains."
The announcement follows recent company milestones, including more than doubling its customer numbers YoY in the first half of 2025. RedCloud has also recently established a joint venture in Saudi Arabia and announced a new partnership strategy for payments and financial services.
The NVIDIA Connect program is designed to help software development companies accelerate development cycles and bring products to market faster. RedCloud plans to leverage these resources to enhance capabilities within its RedAI trading platform, Red101 retailer app, and TradeX bulk trading program.
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